Citi analyst Filippo Falorni lowered the firm’s price target on Coty (COTY) to $6.50 from $8 and keeps a Buy rating on the shares. The company reported “solid” fisacal Q3 sales and lowered its fiscal 2025 outlook, the analyst tells investors in a research note. Citi acknowledges the lack of near-term catalysts for Coty with the June investor day postponed and the Wella sale potentially delayed.
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